Hikvision, a powerful security leader despite sanctions.

Hikvision is an intelligent Internet of Things solution and big data service provider with video as the core. Its business focuses on comprehensive security, big data services and smart services, builds an open cooperative ecology, provides services for users, enterprises and small and medium-sized enterprises in the public service field, and is committed to building smart cities and digital enterprises with cloud edge integration, information integration and digital intelligence integration.

Major financial events in the last three years

industry analysis

(1) The demand for traditional integrated security continues to grow.

Safety is the foundation of a happy life, and it is an inevitable requirement of development to continuously improve the ability of safety prevention. The government, enterprises and families will continue to increase investment in security, and the demand for traditional comprehensive security services will maintain steady growth.

(2) Intelligent business needs appear.

The opportunities brought by ubiquitous intelligence are very clear, but the problem that the fragmentation demand of intelligent applications is difficult to land is still a constraint; On the other hand, more low-cost technical solutions are constantly evolving in chips, algorithms and software, and smart benchmarking projects in various sub-sectors are constantly landing and producing demonstration effects, and the era of intelligent large-scale landing is gradually coming.

(3) Non-market interference factors in overseas markets have increased, and the challenges have increased.

The competitive relationship between countries directly or indirectly affects the company's living environment in this country and region, and the non-market interference factors in overseas markets increase, and the uncertainty risk continues to increase.

Analysis of Hikvision's Industry Position

In the field of comprehensive security, according to Omdia report, Hikvision ranked first in the video surveillance industry for eight consecutive years, with a global video surveillance market share of 24. 1%. In a&; Hikvision ranked first in the list of "Top 50 Global Security" published by S "Security Automation" for four consecutive years.

In the field of big data services, Hikvision has built a data platform for the integration of things and information, providing "multi-network integration and cross-domain integration" big data convergence, governance and mining services for many industries.

In the field of smart business, Hikvision is deeply involved in the smart business of the industry and deeply serves smart cities, safe cities, intelligent transportation, digital enterprises, smart communities and other industries.

Analysis of core competitiveness

1, continue to invest in research and development, and strengthen the competitiveness of software and hardware research and development and underlying technologies.

Since 20 16, Hikvision has paid more attention to the integration and coordinated development of software and hardware, and established a unified software R&D system for multiple industries and R&D teams based on the rapid transformation of market demand. The core of unified software R&D system is its unified software technology architecture. In 20 19, the advantages of unified software technology architecture were gradually reflected, which supported the rapid development and iteration of industrial applications, played the value of software reuse and improved the compatibility between software.

2. Continuously optimize and improve, and build an independent and controllable flexible supply capacity.

After years of large-scale investment and continuous improvement, we have built a supply chain system that matches our own business, including the supply capacity of combining independent production with outsourcing production to balance delivery flexibility and production efficiency; Emphasize high-level operation coordination mechanism and IT system management level, realize efficient and accurate material forecasting and management, as well as flexible and effective planning coordination and production scheduling.

3. Pay attention to business changes and improve the organizational ability of business adaptation.

In order to better serve customers, Hikvision has built a city-oriented marketing and service system in China, supplemented by the investment of SMBG, a small and medium-sized enterprise group, and relying on a huge offline partner system, Hikvision has strengthened the unified support of online and offline distributors and opened up the service channels of partners. Overseas, Hikvision has established a domestic marketing and service system, continuously established distribution channels in major countries and regions around the world, and continuously consolidated and expanded the business radiation scope by optimizing the dealer team to provide better services to various countries and regions, industries and users.

4, continuous optimization and improvement, improve the ability of talent development.

Constantly improve the performance appraisal mechanism, combine talent recruitment, job promotion, training development, salary and treatment, and fully mobilize the enthusiasm and creativity of employees. Through various activities such as "face to face with executives", "dialogue with managers", "humanities lecture hall" and "reading club", we will create an equal, open and positive organizational atmosphere to help employees gain a sense of accomplishment and belonging in their work.

5, continue to build specifications, improve the system support ability.

Hikvision continues to invest resources to strengthen and optimize the quality management system, product safety R&D management system and compliance system to protect the business development.

R&D investment analysis

In 20 19, Hikvision added 1339 authorized patents (including 243 invention patents, 4 utility models17 and 679 appearance patents) and added 16 1 software copyright; By the end of 20 19, the company had 4 1 19 authorized patents (including 755 invention patents, 47 utility model patents, and 22 17 appearance patents) and software copyright/kloc.

Analysis of Technology Accumulation and Innovation Ability

Hikvision leads the development of the security industry with the concept of "cloud edge convergence", which greatly promotes the integrated application of edge computing and cloud computing; Hikvision puts forward the "integration of things and information" architecture, which realizes the capacity multiplication of big data platform through the organic integration of perceived data of things and information system data; Hikvision adheres to the concept of "digital intelligence integration", combining AI with perceived big data to realize perceptual intelligence, and combining AI with multidimensional big data to realize cognitive intelligence; Hikvision adheres to the line of "integration of software and hardware", makes the best hardware products, makes the best integration of software products and hardware, and relies on software and hardware products to create solution advantages.

Cloud Edge Convergence, Perceptual Technology Innovation Support Intelligent IOT

Hikvision released AI Cloud in June 20 17, and proposed a "cloud-edge fusion" computing architecture, which is characterized by "edge perception, on-demand fusion, multi-layer cognition and layered application" and has become a widely accepted intelligent Internet of Things architecture in the industry.

Through the proposal of AI Cloud, the release of related products and the wide application in various industries, Hikvision has stepped out of the road from single sensor (video) to multi-dimensional sensor, from non-intelligent sensor to intelligent sensor, and from sensor products to three-layer intelligent IOT. The development path has developed from a video surveillance manufacturer to an intelligent IOT product and solution provider.

Information fusion and data technology innovation support data services.

From 2065438 to March 2009, Hikvision proposed a data architecture of "integration of things and information". Based on big data and artificial intelligence technology, the path and method of large-scale and systematic data integration between intelligent internet of things and information network are defined for the first time, and the data platform of information fusion is released.

Through the data platform of information fusion, Hikvision has realized the transformation from simply providing data collection services to further providing data governance and application services, from simply providing intelligent Internet of Things data services to providing data services spanning intelligent Internet of Things and information networks, and has become a big data service provider with its own technological advantages.

Digital intelligence fusion and artificial intelligence innovation support intelligent business.

In 2020, Hikvision proposed the "Digital Smart Base" for smart cities, integrating the technology accumulation in artificial intelligence, big data and other fields for many years into a unified smart industry and smart city construction technology base.

The launch of the "Digital Intelligence Base" indicates that Hikvision relies on intelligent Internet of Things solutions and big data service capabilities, combines perceived data with artificial intelligence, and combines big data with artificial intelligence, from focusing on products to focusing on systems, from focusing on technology to focusing on business development, from focusing on single business to focusing on multi-industry business development, and builds a cooperative ecosystem through an open platform to provide users with complete smart industry and smart city solutions.

Integration of software and hardware, unified research and development system to support product innovation

Since its establishment, Hikvision has established an industry-leading hardware product R&D, production and sales system, which has established a moat for the company to maintain its advantages in the industry competition. Since 20 16, Hikvision has paid attention to the integration and coordinated development of software and hardware, guided by the rapid transformation of market demand, and established a unified software R&D system for multiple industries and R&D teams throughout the company based on the component development model. The core of unified software R&D system is the company's unified software technology architecture. In 20 19, the advantages of unified software technology architecture were gradually reflected, which supported the rapid development and iteration of industrial applications, played the value of software reuse and improved the compatibility between software.

Unified research and development system

Hikvision uses software component technology to solve the problem that software is difficult to produce in large scale, and formulates software product development and management specifications to make the software meet the consistency requirements. All R&D teams can carry out back-to-back collaborative development based on a unified software architecture, keep the platform, interface and style consistent, and integrate quickly.

Under the unified R&D system, the design and production of software and hardware products have achieved closer cooperation and integration. Many software and hardware products are designed, developed and deployed in the same way. In hardware design, we should consider the corresponding software access-driven development and application function development. In application software development, we should respond to the support needs of related hardware to avoid the situation of "hardware and other software" or "software and other hardware".

The above only represents personal views and does not constitute investment advice to investors. Investors are advised to invest cautiously.